5 Comments

Summary:

As expected, The Washington Post Company (NYSE: WPO) will sell Newsweek to audio equipment impresario Sidney Harman, AdAge reported, and pai…

Newsweek Logo In Progress 1
photo: Flickr / Jim Parkinson

As expected, The Washington Post Company (NYSE: WPO) will sell Newsweek to audio equipment impresario Sidney Harman, AdAge reported, and paidContent has confirmed. As we noted last week, the bid from the 91-year-old Harman, the husband of Democratic Congresswoman Jane Harman, had the most appeal to WaPo Chairman Donald Graham because the audio pioneer was willing to keep 250 of the 325 Newsweek employees on staff. As for the bid, Harman offered $1 and the acceptance of Newsweek

  1. Lets not get confused. The real cost of the deal is 70 million– the amount that Newsweek owes. Of course, Harmon is probably more interested in the fact that Newsweek also owns Kaplan, an education company.

    Share
  2. This left wing rag can’t die soon enough. What will Hussein Obama do without this cheering squad?

    The last time I almost picked up a Newsweak, was in the doctor’s office, then I figured that I shouldn’t touch it because it was probably covered in germs—yup, just like it comes fresh off the newstands.

    Share
  3. So Congress will be controlling the press, AND health care?

    Share
  4. Jill, calm down.

    Share
  5. kevin, don’t be complacent.

    Share

Comments have been disabled for this post